On studying the recruitment plans of various Indian IT companies, analysts have found that the IT industry headcount is expected to grow by more than 98,000.
Two major factors that behind this desirable development include increased spending on IT infrastructure and improving overseas markets for outsourcers, the analysts added.
"The industry has turned the corner and renewed optimism will bring back recruitment across the globe," Diptarup Chakraborti, who is a principal research analyst at global IT research firm Gartner said.
Gartner has also estimated that the domestic IT market would see an expansion of 19 to 20 per cent in 2010, as against a 2.6 per cent growth in the year 2009, which was marred by lay offs, hiring freeze and cost cutting measures marred 2009.
Companies such as Tata Consultancy Services, Wipro, IBM, BPO major Genpact have already announced their recruitment plans.